Balance of Payments: Services: Expenditure for Brazil
BRAB6DBSE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.74
Year-over-Year Change
16.99%
Date Range
1/1/1995 - 1/1/2025
Summary
The Balance of Payments: Services: Expenditure for Brazil measures the value of service-related transactions between Brazil and other countries. This metric is crucial for understanding Brazil's international economic activity and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Balance of Payments: Services: Expenditure for Brazil tracks the value of Brazilian expenditures on services provided by foreign entities. This includes travel, transportation, insurance, and other business services. Economists and policymakers analyze this data to assess Brazil's trade balance and international competitiveness.
Methodology
The data is collected through surveys of Brazilian companies and individuals engaged in international transactions.
Historical Context
This metric is used by the Brazilian government, international institutions, and market analysts to monitor the country's economic performance and trade position.
Key Facts
- Brazil's services expenditure peaked at $54.1 billion in 2013.
- Services trade represents approximately 20% of Brazil's total trade.
- The COVID-19 pandemic led to a sharp decline in Brazil's services expenditure in 2020.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Services: Expenditure for Brazil measures the value of service-related transactions between Brazil and other countries, including travel, transportation, and business services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Brazil's international economic activity and competitiveness, as well as its trade balance and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Brazilian companies and individuals engaged in international transactions.
Q: How is this trend used in economic policy?
A: The Balance of Payments: Services: Expenditure for Brazil is used by the Brazilian government, international institutions, and market analysts to monitor the country's economic performance and trade position.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months before being published.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for Brazil (BRAB6DBSE02STSAQ), retrieved from FRED.